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Money and BanksMoney and Banking
Even with falling interest rates and high liquidity, there have been spectacular bankruptcies, so imagine what can happen when rates rise.
Bureaucracy and RegulationCronyism and CorporatismMoney and Banks
Special powers to inflate the money supply — granted by the state — make banking unlike other private industries.
The new Fed Chief Powell was optimistic at Congressional hearings this week. But he may have inherited a quickly-expiring boom.
Legal SystemMoney and BanksMoney and Banking
Money and Banks
Money and BanksMonetary Theory